Payday Loans in Louisiana, LA – Borrow Money from Direct Lenders
Louisiana payday loans are highly popular because they help local people solve their financial problems until the next paycheck. They happen to be a temporary solution by covering a cash shortage. The loan amount will need to be paid back by the due date. And this is something every borrower should remember before and after submitting an online loan application.
If you consider getting a payday loan from a direct lender, make sure you know what you are doing. At Filld.loan, we can make your life easier by picking the best loan offer for you.
Reasons to Get Payday Loans in Louisiana, LA
You probably already know how difficult it is to get a payday loan from your bank. Without good credit, your chances to qualify are reduced to the minimum. The only way to get a payday loan in Louisiana, LA is through a direct lender.
You can use your online payday loan to cover any emergency expenses. These can be utilities, rent, medical expenses, auto and home repairs, as well as groceries. Almost half of all Americans use small payday loans to handle their emergency cash needs.
Regulation of Online Payday Loans in Louisiana, LA
Louisiana online payday loans are simple loans that most Americans can qualify for. They come up with a fee based on the requested loan amount.
While most states try to restrict payday lending regulations, Louisiana is moving in the opposite direction. Local lenders are still trying to push a bill that would extend the payday loan options. For now, their attempts haven’t been successful.
Today, payday loans in Louisiana are provided based on La. Stat. Ann. 9:3578.1 et seq. Online lenders can give away up to $350 for a period of 30 days. They can charge up to 16.75% of every $10. This means that such fee or interest can’t exceed $45. For example, a $350 loan taken for 30 days will have an APR of 391%, which makes your fee reach $122 and the total loan cost $472. Depending on the selected lender’s policies, there can be some differences.
If a loan isn’t paid off on time, a lender may charge an amount equal to the rate of 36% per annum for a period of one year. The rate can’t exceed 18% per annum once one year after contractual maturity is over.
LA Payday Loans with Bad Credit Score
Having bad credit is not a problem for payday loans in Louisiana. But you should be ready to demonstrate a stable source of income and earn at least $1,000 per month. This way, you assure us of your ability to make full repayment on time.
If your credit score is far from perfect, you can still get a cash loan in Louisiana. Moreover, you don’t have to go through a hard credit check. A soft credit check won’t affect your credit records as it’s done for general acknowledgment. If your current income status indicates that you can pay back the requested loan amount, credit checks do not come in between. What’s good is that if you manage to make full repayment on time, you can actually improve your credit score.
Where to Get a Payday Loan in Louisiana?
Now that you are ready to get pick LA payday loans from direct lenders, you are wondering where you can do it. Whether you live in Baton Rouge, New Orleans, Alexandria, Hammond, Pineville, Slidell, West Monroe, Bossier City, Covington, Gonzales, or elsewhere in the state, you can submit an application with Filld.
The whole process is digitalized, so you don’t need to visit a lender’s office anymore. Applying for a loan has never been so easy. Just complete an online request form and wait until we find a suitable loan offer for you.
How to Get Payday Loans in Louisiana from Direct Lenders?
Requesting a payday loan online in Louisiana is a short, simple, and secure process. The basic requirements remain more or less the same across the United States. Here are the most significant criteria you should know:
- Be at least 18 years of age
- Be a citizen or official resident of Louisiana and have a national ID Card
- Have a stable source of income of at least $1,000 per month
- Have an active phone number and a valid email
- Have a bank account for getting your loan money deposited
Your lender will inform you if you qualify for a loan. So you will get available loan offers to choose from. You aren’t obligated to accept any of them. The agreement is achieved when you put your electronic signature on the contract.
Apply for LA Payday Loans Online with Filld
Filling out a loan request form at FILLD is easy to do. It takes 2-3 minutes to complete. Click on the “Get Started” button, and you’ll be taken to an online form.
Once you’ve completed an online form with a few personal details (full name, monthly income, and employment status), as well as an amount you need to borrow. Upon approval, you will need to specify contact details as well.
The best payday loans in Louisiana are offered by Filld. We have a network of lenders that gives us access to the most attractive loan offers on the market. But there are some more benefits to get from us:
- Fast service delivers loans within one business day
- Loans are deposited straight into your bank account
- Lenders accept loans from bad credit applicants
- Application takes a few minutes to complete
At Filld, we don’t lend you the money, but we use your application data to match you with a direct lender. This online option is convenient and flexible at the same time. You don’t even have to leave the comfort of your home. Everything can be done on your desktop computer or mobile phone.
Even though Louisiana’s payday loan limit is relatively low, it can still make a great difference for financially challenged citizens. If you need up to $350 in a pinch, our request form can help you sort out your problems for some time.
Believe it or not, we have already helped over a million consumers across the state. You can be one of them. So, complete the form on our homepage to get started.